I am very torn on whether to participate on this type of breakout; I can buy with a stop loss below $60 which is where the breakout came from. This is the same exact trade I do on indexes each time they break to a new level. I know this is what HAL9000 and its peers in the human world are doing en masse. So it will work. Until it doesn't. But will every obvious trade just continue to work ad nauseum? Sort of living in an Alice in Wonderland market...
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